| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 6 997 | 8 272 | 7 312 | 6 356 | 7 111 | 7 448 | | Operating income (EBITDA) | 3 967 | 4 767 | 3 514 | 3 133 | 3 929 | 3 931 | | Operating profit (EBIT) | 1 777 | 2 818 | 1 013 | 781 | 1 283 | 1 454 | | Pre-Tax Profit (EBT) | - | - | -174 | - | - | - | | Net income | 656 | 776 | 132 | 153 | 433 | 734 | | EPS ( $) | 0,63 | 0,38 | 0,01 | 0,17 | 0,49 | 0,76 | | Dividend per Share ( $) | 0,25 | 0,28 | 0,27 | 0,27 | 0,27 | 0,28 | | Yield | 2,19% | 2,41% | 2,34% | 2,34% | 2,36% | 2,39% | | Announcement Date | 02/16/2011 10:00am | 02/15/2012 10:00am | 02/13/2013 10:00am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 2 568 | 4 481 | 3 721 | 5 088 | 5 458 | 5 899 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 3 967 | 4 767 | 3 514 | 3 133 | 3 929 | 3 931 | Leverage (Debt/EBITDA) | 0,65x | 0,94x | 1,06x | 1,62x | 1,39x | 1,50x | | Capital Expenditure | 4 102 | 4 303 | 3 658 | 2 915 | 2 942 | 3 285 | | Book Value Per Share (BVPS) | 10,4 $ | 9,81 $ | 9,66 $ | 12,4 $ | 12,7 $ | 13,1 $ | | Cash Flow per Share | 3,04 $ | 2,71 $ | 2,93 $ | 2,40 $ | 2,96 $ | 3,21 $ | | Announcement Date | 02/16/2011 10:00am | 02/15/2012 10:00am | 02/13/2013 10:00am | - | - | - |
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Assessed data source : © 2013 Thomson Reuters |
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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67,5x |
23,8x |
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Capitalization / Revenue
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1,89x |
1,69x |
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EV / Revenue
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2,69x |
2,46x |
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EV / EBITDA
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5,46x |
4,45x |
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Yield (DPS / Price)
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2,34% |
2,36% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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12,3% |
18,0% |
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operating laverage (Delta EBIT / Delta Sales)
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-1,75x |
5,41x |
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Net Margin (Net Profit / Revenue)
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2,41% |
6,09% |
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ROA (Net Profit / Asset)
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2,37% |
6,85% |
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ROE (Net Profit / Equities)
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2,54% |
5,15% |
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Rate of Dividend
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158% |
56,1% |
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